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On the flip side, some chief executives have consistently taken token salaries — sometimes, $1 — choosing instead to rely on their ownership stakes for wealth.
Can these dynamic, committed visionaries be replaced, especially now that arts professionals expect more than the token salaries that most of these founders earn?
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Both officials forgo their token salary of $20 a month.
Major Arena, who is paid a token salary, spends weekday mornings grooming and caring for the horses, which are donated.
Other companies, including Morgan Stanley, are set to take advantage of the scheme to boost capital.AIG said it would freeze the pay of its seven most senior executives, and that its chief executive would receive a token salary of $1.
Even figures already known, like Mr. Bloomberg's token salary (he said in his autobiography that he takes in salary only what the company's lowest-paid employee receives), were divulged yesterday only in general terms.
Mr. Jobs's options for Apple's common stock were awarded at last week's closing price of $98.99, but he will continue to receive a token salary of just $1 a year.
Even in a country with one of the world's highest murder rates, his killing on June 27th came as a shock.Mr Chambers was an accountant and a specialist fraud investigator brought in by Mr Golding on a token salary to reform the transit company, which runs the capital's bus service.
Though he and Brin are both billionaires, they each receive a token salary of a dollar each year.
Sherak will serve as the director of the Mayor's Entertainment Industry and Production Office, drawing a token salary of $1 per year.
(As the Chicago News Cooperative points out, interim CEO Terry Mazany, who has filled the gap since Huberman's retirement in November, took a token salary of $1).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com